andrewbb

Please send this to your Congressman, Treasury agent, Secret Service agent, FBI agents, etc.:

The Federal Reserve has been kiting checks to the US Treasury since at least 1971. Due to lack of consideration, the Treasury owes nothing to the Federal Reserve.

A couple of points to make:
- National debt goes to $0.
- Personal income taxes were originally designed to pay for the T-bonds, so personal income taxes can easily be repealed.
- The Treasury's fiduciary responsibility to savers of T-bonds can be made good through Congress.
- Since consideration was conveyed when the Fed sold the T-bonds to investors and banks, the T-bond market can remain afloat. (It will likely unwind naturally.)

As few really understand the mechanics of the above, if you have concerns or questions, please let me know.

Joined Oct. 12, 2011